How exactly do Brazilian state-owned development banks work? Americans might be well-versed on Fannie Mae and Freddie Mac, but wealth manager Igor Cornelsen can explain the role of BNDES and Caixa. Just like other development banks, these provide cheaper loans to low-income borrowers.
“What is the BNDES?”
The Brazil National Development Economic and Social Bank is government-owned, established in 1952. Its primary focus is on stimulating capital markets, equipment transactions and export financing. The BNDES had 2011 total assets of $334.7 billion.
The BNDES lends money at a lower rate, about 5.5%, which can be used to stimulate national productivity. The government has used this to move more citizens into the middle class. Learn more about Igor Cornelsen’s methods at ireport.cnn
With its origins, extending back to 1861, the government-owned Caixa Federal Savings Bank is the fourth-largest Brazil financial institution by assets (at $630 billion for 2015). Caixa is present in most Brazil cities; it is #3 in terms of number of branches, with 85 million accounts. Caixa runs the primary Brazilian lotteries also.
BNDES and Caixa provided an estimated 55% of all Brazil loans in 2015; thus, they are very important to the economy. How will they fare after 2017 reforms? Visit affiliatedork.com about Igor Cornelsen
“Fueling Brazil’s Development”
As Brazil reforms its system in 2017, it must decide what to do with its government-owned banks. In many ways, these can be used to set the interest rates charged for the private sector market. The tremendous growth of Brazil has been based on helping create a stronger middle class. The future growth must also depend on this growing consumer class.
When you want to find the best investments in Brazil, then contact wealth manager Igor Cornelsen. He has worked in the Brazilian banking sector, so he can give you advice on the inner workings of each firm. Don’t make investing mistakes, trust the experts to provide guidance.
More info here:https://www.resume.com/igorcornelsen